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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NC
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Red day on Tuesday for NACCO Industries Inc stock after losing 3.20%
(Updated on May 07, 2024)

Hold candidate since May 01, 2024 Gain 14.30% PDF

The NACCO Industries Inc stock price fell by -3.20% on the last day (Tuesday, 7th May 2024) from $32.53 to $31.49. During the last trading day the stock fluctuated 3.74% from a day low at $31.49 to a day high of $32.67. The price has fallen in 6 of the last 10 days but is still up by 11.87% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 13 thousand shares were bought and sold for approximately $417.15 thousand.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.42% during the next 3 months and, with a 90% probability hold a price between $22.57 and $27.59 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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NC Signals & Forecast

The NACCO Industries Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $30.31 and $29.12. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -5.21%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for NACCO Industries Inc stock

NACCO Industries Inc finds support from accumulated volume at $30.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.18 between high and low, or 3.74%. For the last week the stock has had daily average volatility of 8.38%.

Our recommended stop-loss: $29.75 (-5.53%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (NC) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect NACCO Industries Inc to open at $31.88, and during the day (based on 14 day Average True Range), to move between $30.21 and $32.77, which gives a possible trading interval of +/-$1.28 (+/-4.08%) up or down from last closing price. If NACCO Industries Inc takes out the full calculated possible swing range there will be an estimated 8.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $31.69 (0.64%) than the support at $30.44 (3.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is NACCO Industries Inc stock A Buy?

NACCO Industries Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.564 Hold/Accumulate Unchanged

Predicted Opening Price for NACCO Industries Inc of Wednesday, May 8, 2024

Fair opening price May 8, 2024 Current price
$31.88 ( 1.25%) $31.49

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 33.06 4.98 %
R2 32.61 3.56 %
R1 32.33 2.67 %
Current price: 31.49
Support S1 31.43 -0.182 %
S2 31.15 -1.06 %
S3 30.71 -2.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 33.22 5.49 %
R2 32.50 3.21 %
R1 31.69 0.635 %
Current price 31.49
Support S1 30.44 -3.33%
S2 28.83 -8.45%
S3 28.64 -9.05%

NC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 01, 2024 Mar 15, 2024 $0.218 0.754%
2 Nov 07, 2023 Nov 29, 2023 Dec 15, 2023 $0.218 0.631%
3 Aug 24, 2023 Sep 01, 2023 Sep 15, 2023 $0.220 0.671%
4 May 18, 2023 May 30, 2023 Jun 15, 2023 $0.218 0.622%
5 Feb 22, 2023 Mar 06, 2023 Mar 15, 2023 $0.208 0.647%

FAQ

What is the symbol for NACCO Industries Inc Stock and on which exchange is it traded?
The symbol for NACCO Industries Inc is NC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell NACCO Industries Inc Stock?
NACCO Industries Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy NACCO Industries Inc Stock?
NACCO Industries Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy NACCO Industries Inc Stock.

What's the current price of NACCO Industries Inc Stock?
As of the end of day on the May 07, 2024, the price of an NACCO Industries Inc (NC) share was $31.49.

What is the 52-week high and low for NACCO Industries Inc Stock?
The 52-week high for NACCO Industries Inc Stock is $8.17 and the 52-week low is $2.00.

What is the market capitalization of NACCO Industries Inc Stock?
As of the May 07, 2024, the market capitalization of NACCO Industries Inc is 242.664M.

When is the next earnings date for NACCO Industries Inc?
The upcoming earnings date for NACCO Industries Inc is Jul 31, 2024.
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About NACCO Industries Inc

NACCO Industries NACCO Industries, Inc., together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts for power generation companies and an activated carbon producer in North Dakota, Texas, Mississippi, and Louisiana in the United States, as well as Navajo Nation in Ne... NC Profile

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